„Any promise and any series of promises that constitute the mutual quid pro quo are an agreement“ After considering the definition of the agreement, it is clear that a „promise“ is an agreement. A contract is a legally binding agreement that exists between two or more parties to do something or not to do it. An agreement begins with an offer and ends with a consideration, but a contract must achieve another objective, that is, applicability. Under this offence, make available to the victim an appeal against the offender. So we can say that all contracts are an agreement, but not all agreements are contracts. Therefore, an agreement is a longer term than a contract. „All contracts are agreements, but not all agreements are treaties“, agreements of a moral, religious or social nature, for example: , a promise to have lunch with a friend or to walk together are not contracts, because they probably do not create a duty enforceable by law, for the simple reason that the parties never intended to accompany them with legal consequences Even if a father concludes an agreement with his son, that the father buys him a new bike, when the son gets 105% in his board of directors exams. It is considered a null agreement because it is an agreement to do an impossible act. All parties should accept and comply with the terms of an offer. The following cases illustrate how all contracts are agreements; In the case of an invitation to treatment where an invitation to treatment is only an invitation to receive an offer. If a company`s offer is accepted, it results in a contract, provided that other contractual elements are accepted.
Consider that person A buys a radio on the loan of person B who takes care of the electronics and his devices. Both parties must agree on the payment of the monthly payment within a specified period. CONSIDERATION: – Section 2(d) of the Contracts Act defines the consideration. Section 2 states that an agreement entered into without consideration is invalid, except: a) natural love and affection. Article 25 of the Act must be approximated between the Contracting Parties. The promise should be made by a party of natural love and affection for the other. The undertaking must be in writing and recorded. (b) Compensation for past voluntary service § 25 (2) in Sindha v.Abrahim-1895 Bombay: The promise to compensate without consideration is mandatory because of this exception.
The exception also applies to a situation in which the promise is to do something voluntarily“ (c) Promise to pay prescribed debts: § 25 (3): The promise must be to pay all or part of a prescribed debt, i.e. a debt whose payment the creditor would have forced to pay, but for the statute of limitation of the remedy. The undertaking must be in writing and signed by the person who is to be responsible for it. Gobind Das v. Sarju das-1908, Ganesh Prasad v.Mt. Rambati Bai-1942. An agreement between spouses concluded during their marriage to determine the right to maintenance and the property of the other in the event of death or divorce. Such agreements are not enforceable unless each party makes full disclosure of its assets to the other party and has consulted with its own lawyers.
Even then, most of these agreements are not enforceable unless they are entered into by spouses in the midst of separation or divorce. Article 25 of the Act states that an agreement without consideration is cancelled. There are, however, certain conditions listed in section 25, under which a contract is considered valid without consideration. . . .